as a welfare recipient she qualified for one of the new low income program to purchase with the fha back loan for $5600 she realized her home is not the fulfillment of the american dream but her american nightmare. within days of moving in the sewer line broke spewing wastewater all over the basement floor and electricity for the house was sporadic , there were holes and other irregularities in the foundation of the house the structure was not the worst on halloween night her son woke up to find a rat in his bed she saw a rats throughout her house including the kitchen and bathroom. she called the agent who sold for the house to complain about the condition and he said the workmen out on a couple of occasions to fix the problems within the house but soon after the real estate agent reminded her that her problems and her house are now her own that is homeowners business. for janice johnson the new terms that allowed her and thousands of other like her to buy new homes that i describe as predatory inclusion i use that to describe the ways black buyers were granted access to conventional re

and homeownership, i am wondering what you think, we know the fha's manual said part of the reason we are doing this is to maintain homogeneity. we want racially homogenous neighborhoods. i wonder what you think is the motivation for private equity investors. is pure greed or something more sinister happening? >> two things. the first is we did a national investigation of home records and there are 61 cities across the country where people were more likely to be denied a mortgage even when they tried to buy the same size home in the same neighborhood with the same amount of debt. clearly the fair housing act is not withstanding, racism is still alive and well. we went from the period during the boom where there were predatory products we offered to a period during the best when no one could get credit, not white people are black people or anyone and now we see almost a return to the kind of redlining that looks more like the 80s than the 2000s the credit is available if you have the right color skin and this is the case even though it is completely illegal. there are a lot of things l

fha ande forms at the the ideas secretary mnuchin has proposed all need to vetting in congress. see if we can find a solution to 10 years of conservatorship, which is no way for us to maintain a healthy and safe mortgage market. david: thank you so much. that is congressman french hill of arkansas coming to us from capitol hill. coming up at 2:00 eastern time, full coverage of the fed decision on rates. now we have breaking news. the european parliament has overwhelmingly backed the brexit deal that clears way for the u.k. to leave the european union on friday the way boris johnson promised. they have -- they seem to be holding hands and singing right now in the european parliament as they voted for the united kingdom to leave. coming up, andrew yang hopes his message of universal income catches on with iowa voters. we hear from the candidate and des moines. this is "balance of power" on bloomberg television and radio. ♪ david: this is " balance of power." the democratic candidates are working hard in iowa. at least the senators are sitting in an impeachment trial in washington.

federally backed fha insured loans to this?ese newcomers that made housing more affordable and meant they were no longer subject to audible exploitive practices. now, let's be clear. this was not about altruism and innocence. part of the key was people may have wanted to sell their houses and get the equity out and move out.but they certainly did not want to sell them to african-americans. it was a racially defined thing. when i first interviewed him in 2015, he said, the things we did were wrong. i know i violated the law. that was illegal. a violation of civil rights in its finest aspects. at that time, we thought it was a good thing to do. this was a particular kind of conspiracy. i should add there were rumors about it. if you read - - people had the sense this was happening but i've never seen evidence before explicit as to, here is how we did it. he said all right, we've only sell to mexicans above 23rd street. we will continue to live below. the idea that this was an offer, not of the quality or whiteness exactly but at

at fha a, our safe transportation for every pedestrian step, my favorite, is helping transportation agencies address pedestrian crashes by promoting cost effective counter measures with with known safety benefits. these engineering counter measures markedly increase pedestrian safety. for example, when we install a pedestrian highway beacon at a crossing, pedestrian crashes go down by nearly 70%. just changing the timing of an intersection signal to give the pedestrians a head start before the light changes for vehicle traffic leads to a 60% reduction in pedestrian vehicle crashes at those intersections. when we add a sidewalk just separating the pedestrian from the road, we see up to 90% reduction in crashes involving pedestrians walking on that roadway. we know that one size does not fit all. and we are interested in working with our state and local partners to provide a variety of engineering options. rural needs are not the same as urban and we know this. and the bouts initiative by secretary chui makes clear everyone is a priority. and so we're focusing on a variety of engineering optio